Regulatory Shift on Horizon: Commissioner Hester Peirce Discusses Future of Cryptocurrency ETFs

SEC’s Hester Peirce Reveals Pro-Crypto Pivot for Bitcoin & Ethereum ETFs

As the Securities and Exchange Commission (SEC) prepares to undergo significant leadership changes, Commissioner Hester Peirce has hinted at a potential shift in the agency’s stance on cryptocurrency regulations. In a recent interview with Coinage, Peirce expressed optimism about the prospect of a more crypto-friendly direction for the SEC.

The regulatory landscape is set to change dramatically in the coming months as Chair Gary Gensler is expected to step down soon. With these changes, Peirce emphasized that this period presents an opportunity for meaningful reforms and a chance to “initiate change.” The commissioner acknowledged the uncertainty surrounding the process but highlighted that immediate steps can be taken to bring about positive adjustments.

Regarding Bitcoin and Ethereum exchange-traded funds (ETFs), Peirce discussed the possibility of updates, specifically mentioning the importance of incorporating in-kind creation and redemption features into Bitcoin ETFs. She also suggested including staking options for Ethereum ETFs, which she believes would enhance their value for investors.

Source: www.cryptonewsz.com